POWER GRID CORPORATION OF INDIA LIMITED Vs. MADHYA PRADESH STATE ELECTRICITY BOARD
CENTRAL ELECTRICITY REGULATORY COMMISSION
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(1.) THE application is made for approval of provisional transmission charges for 400/kV Khandwa sub-station and LILO of 400 kV D/C Itarsi-Dhule transmission line at Khandwa in Western Region.
(2.) The proposal for implementation of 400/220 kV Khandwa sub-station and LILO of 400 kV D/C Itarsi-Dhule transmission line at Khandwa (the transmission system) in Western Region by the petitioner was agreed to by the constituents of Western Region at 118th meeting of Western Regional Electricity Board held on 30.4.2002. The investment approval for the transmission system was accorded by the Board of Directors of the petitioner under Memo dated 29.1.2002 at an estimated cost of Rs. 109.77 crore (3rd quarter, 2001 price level), which includes IDC of Rs. 10.60 crore. The scope of work included the LILO of Itarsi-Dhule 400/220 kV D/C transmission line at Khandwa and establishment of 2 X 315 MVA 400/220 kV sub-station at Khandwa. In accordance with investment approval, the transmission system was to be commissioned by January 2005.
The transmission system has been put under commercial operation on 1.2.2005. The estimated completion cost of the transmission system is stated to be Rs. 9013.00 lakh. The actual expenditure up to the date of commercial operation, that is, 1.2.2005 was Rs. 8128.51 lakh and the balance estimated expenditure is Rs. 884.49 lakh. The annual provisional transmission charges claimed by the petitioner are given hereunder:
(3.) AS per the auditors' certificate dated 25.2.2005 annexed to the petition, the details of the expenditure are extracted as under:
(a) Expenditure up to 31.3.2004 (Audited Accounts): Rs. 6137.23 lakh
(b) Expenditure from 1.4.2004 to 31.12.2004 (Provisional : Rs. 1638.69 lakh accounts)
(c) Expenditure from 1.1.2005 to date of commercial operation, that is, 1.2.2005 : Rs. 352.59 lakh
(d) Expenditure up to date of commercial operation Operation (1.2.2005) : Rs. 8128.51 lakh
(e) Expenditure from 1.2.2005 to 31.3.2005 : Rs. 717.15 lakh
(f) Balance anticipated expenditure : Rs. 167.34 lakh
Estimated Completion Cost: Rs. 9013.00 lakh;
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